Looking at my chart...I have noticed that the Volume of NEWBIES to the Crypto-Space has increased EXPONENTIALLY in the last two months of 2017! What does that mean? Well, I think the Chart above should be self-explanatory...NEW HIGHS are heading our way!!! So far, it appears, "if I am correct," and that's a big if...looks like Cryptos really love the "Elliot Wave," Market Structure, which is often followed by an A,B,C retracement pattern. In fact, if you go from the 1 Day Chart; listed above, I do believe that the Elliot Wave will continue/repeat itself, again and again. We may even be able to overlay a larger Elliot Wave on top of the previous two waves which really opens up the horizon on just how BIG this Crypto coaster can be...in other words flash crashes "Waterfall," events maybe a regular occurrence with all Cryptos? (BTC being the Cannery in the Coal Mine)!
I am going to stick my neck out there and see if this chart of mine can really hold up. Now some of my dates may be off and my target price ranges may also be slightly off as I am using my best educated guess as to where these "Market Structures," could go...lets test this out and see how it goes! I don't mind being wrong...sometimes its the only way to see if you are right. We can't be afraid to fall of the horse from time to time.
Merry Christmas! Happy NEW Crypto Coin Year...to NEW HIGHS, and HIGHER LOWS!!!
I am going to stick my neck out there and see if this chart of mine can really hold up. Now some of my dates may be off and my target price ranges may also be slightly off as I am using my best educated guess as to where these "Market Structures," could go...lets test this out and see how it goes! I don't mind being wrong...sometimes its the only way to see if you are right. We can't be afraid to fall of the horse from time to time.
Merry Christmas! Happy NEW Crypto Coin Year...to NEW HIGHS, and HIGHER LOWS!!!
Note
Oops I left our part of November, from 11-1-2017 to 11-11-2017 and my December also included some of the last days of November???
Careless Mistake... Mea Culpa!
Note
Oh Yeah, I forgot to mention...we don't know Exactly how many NEWBIES will be joining us in the Crypto-Space over the Christmas - New Year's...so we could see a whole NEW HIGHER channel being formed as a result. Look at the Monthly Charts for BTC and then look at the Yearly Charts; you should already be aware of the "S-Curve," that has formed up. This could put BTC into a whole-nother category of Stratospheric Awesomeness?! ; )
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.